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Published byRandolph Wells Modified over 8 years ago
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CONVERSIONS AND SOCIAL MEDIA Prove and increase the value of your website
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Website Purpose Websites do two things: 1. Generate Revenue 2. Save Money Conversions allow you to measure POTENTIAL revenue and savings This is the best way to report a value on your website
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Value and Social Media Social Media should create a community in order to drive traffic to the website. Engagement = Trust = Revenue Customer processes are only undertaken if there is trust. These processes can be measured with conversion metrics.
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Data Analysis High referrals = high conversions Low referrals = low or high conversions This does not include Facebook advertising
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Conversions At CCE we are using Goal URLs Conversions (side navigation of Google Analytics) Goals Goal URLs Goal URLs are the last ‘page’ in the CCE website processes. Users may navigate further to U of R online systems such as Banner or Class, or they may end up in an offline process. Each Goal URL is assigned a value that is recorded when a visitor navigates to a Goal URL page.
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Calculating Value ((A-B)*C) +(D*C) A = Cost of inbound contact B = Cost of online contact C = Percentage of online contacts D = Revenue generated by contact
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Conversion Values GoalA BCDTotal Nights/weekends $25$0.1015%$100$18.74 Pers. Enrichment $40$5.0010%$150$18.50 Prof. Sems and Certs $40$5.0010%$370$40.50 Summer $25$0.1015%$100$18.74 UR Early $25$0.1015%$100$18.74 Conservatory $40$5.0010%$150$18.50 Credit Certificates $25$0.1015%$100$18.74 Online $25$0.1015%$100$18.74
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2012 Review In reviewing Conversions for 2012 Average goal URL conversion is 9.6% (we estimated 10 and 15%) Total value of CCE website in 2012 (Jan-Dec): $378,997
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